How to add item to IEnumerable SelectListItem

I am trying to add an item to an IEnumerable SelectList. I have an initial query that populates my list, I then have a query to check to see if an item called "INFORMATIONAL" exists. If not, I need to add it to the list returned from my initial query. Here is my code. It does not like list.Add(newItem). Any assistance would be appreciated. Thanks